The Health Trust's Holtzman helps nonprofits fulfill their missions Nov 20, 2009
Work with the Tower Foundation at , for example, helped his accountants understand Governmental Accounting Standards Board protocol. Loaves & Fishes began using The Health Trust for back-office accounting services about three years ago, said executive director Christina Egan. (San Jose Business Journal, CA)
Solvang faced with new rules for retirees Aug 27, 2009
However, new rules from the Governmental Accounting Standards Board require public employers to disclose the total cost of their unfunded liability indicating the true cost of present and future post-retirement benefits to the general fund, Finance Director Dana Waite told the City Council Monday night. That required the hiring of an actuary to calculate a wide range of variables, such as number of employees, age at the time of hiring, life expectancy and the predicted costs of benefits, among... (Lompoc Record, CA)
City OKs study on responsibilities for retiree health benefits Aug 19, 2009
The city will hire Silverstone Group, an actuarial and consulting business, to conduct the study that is required by the Governmental Accounting Standards Board. The rules, titled GASB 45, were approved in 2004 because concerns had developed over the amount of retiree benefits some governmental bodies might need to pay for in the future. (Madison Daily Leader, SD)
Several problems with Kelso School District donation Jun 6, 2009
ptown2 wrote on Jun 1, 2009 3:00 PM:" A change of board policy is needed. To decline the receipt of a donation for a School District is ridiculous. Donations are made all of the time to local governments with stipulations and clauses. The governmental accounting standards board recognizes this and has issued statement no. 54 classifying all monies into various categories. Including:The restricted fund balance category which includes amounts that can be spent only for the specific purposes... (Longview Daily News, WA)
